FHFA director Mark Calabria (Credit: Federal Housing Finance Agency and iStock) The Trump administration’s plan to return Fannie Mae and Freddie Mac to private ownership, which the president has called a “pretty urgent” issue, may come with some politically inconvenient truths for 2020. Mark Calabria, the new director of the Federal Housing Finance Agency, insists that […]
Mortgage guarantors Fannie Mae and Freddie Mac to return to private control
President Donald Trump (Credit: Getty Images) More than a decade after the government seized control of Fannie Mae and Freddie Mac, the Trump administration is finalizing a plan to return the mortgage guarantors to private shareholder membership. That would be a boon for investors who have been banking on the move. The proposal could be […]
Lenders opening doors to a wider swath of home buyers
Home buyers in front of a house (Credit: iStock) Do you want to buy a house but worry that your credit profile will disqualify you for a mortgage? Take another look: A new study suggests that you might find lenders a little friendlier and more flexible than you thought. According to the Urban Institute Housing […]
Going private: Fed housing finance chief details plan to end Fannie-Freddie oversight
FHFA chief Mark Calabria and the Fannie Mae headquarters in Washington DC (Credit: Carr Properties) President Trump has not been shy about his desire to end the federal conservatorship of Fannie Mae and Freddie Mac. Now, he appears to have someone at the helm of the Federal Housing Finance Agency ready to put the plan in […]
Fannie Mae issues ruling on renting newly-purchased second homes on Airbnb
Short-term renting during the first year of ownership is also permitted under specific conditions (Credit: iStock) Second-home owners who want to rent out their properties will breath a sigh of relief, and perhaps make a bit of cash. A newly rewritten document from Fannie Mae suggests homeowners and lenders may have been misinterpreting rules around […]
Trump admin moves to end conservatorship of Freddie, Fannie
From left: Fannie Mae CEO Hugh R. Frater, President Donald Trump, and Freddie Mac CEO Donald H. Layton (Credit: Getty Images, Fannie Mae and Freddie Mac) President Trump is expected to sign a memo on Wednesday calling for an end to the federal conservatorship of the Fannie Mae and Freddie Mac mortgage guarantors, Housing Wire […]